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Monero

Monero priceXMR

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Monero price calculator

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XMR
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1 XMR = 130.31 USD
Last updated 2024-02-27 23:21:00(UTC-0)

Monero price live data summary

The live price of Monero is $130.31 per (XMR / USD) today with a current market cap of $2.40B USD. The 24-hour trading volume is $72.70M USD. XMR to USD price is updated in real time. Monero is +0.63% in the last 24 hours. It has a circulating supply of 18,403,396 .

What is the highest price of XMR?

XMR has an all-time high (ATH) of $517.62, recorded on 2021-05-07.

What is the lowest price of XMR?

XMR has an all-time low (ATL) of $0.2130, recorded on 2015-01-14.

When is a good time to buy XMR? Should I buy or sell now?

When deciding whether to buy or sell XMR, you must first consider your own trading strategy. The trading activity of long-term traders and short-term traders will also be different. The Bitget XMR technical analysis can provide you with a reference for trading.
According to the XMR 4h technical analysis, the trading signal is Buy.
According to the XMR 1d technical analysis, the trading signal is Neutral.
According to the XMR 1w technical analysis, the trading signal is Sell.

Monero price performance in USD

24h7d30d90d1yAll-time
+0.63%+4.96%-18.53%-21.36%-12.71%+5168.01%

Monero price history in USD

TimeLowHigh
24h$129.5$130.35
7d$116.75$130.35
30d$101.14$171.89
90d$101.14$180.39
1y$101.14$180.39
All-time$0.2130(2015-01-14, 9 years ago )$517.62(2021-05-07, 2 years ago )

Monero market information

Market capCombinedShapeIcon
$2,398,069,950.68
+0.63%
Fully diluted market capCombinedShapeIcon
$2,398,069,950.68
+0.63%
Volume (24h)CombinedShapeIcon
$72,702,219.67
+36.79%
Market rankingsCombinedShapeIcon
Circulation rateCombinedShapeIcon
+99.00%
24h volume / market capCombinedShapeIcon
0.0303
Circulating supplyCombinedShapeIcon
18,403,396 XMR
Total supply / Max supplyCombinedShapeIcon
18,403,396.24 XMR
-- XMR
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Monero ratings

Average ratings from the community
4.6
100 ratings
This content is for informational purposes only.

Monero Social Data

In the last 24 hours, the social media sentiment score for Monero was 0.2, and the social media sentiment towards Monero price trend was Bearish. The overall Monero social media score was 157,258, which ranks 58 among all cryptocurrencies.

According to LunarCrush, in the last 24 hours, cryptocurrencies were mentioned on social media a total of 1,564,152 times, with Monero being mentioned with a frequency ratio of 0.05%, ranking 129 among all cryptocurrencies.

In the last 24 hours, there were a total of 0 unique users discussing Monero, with a total of Monero mentions of 722. However, compared to the previous 24-hour period, the number of unique users decrease by 0%, and the total number of mentions has decrease by 0%.

On Twitter, there were a total of 6 tweets mentioning Monero in the last 24 hours. Among them, 83% are bullish on Monero, 0% are bearish on Monero, and 17% are neutral on Monero.

On Reddit, there were 0 posts mentioning Monero in the last 24 hours. Compared to the previous 24-hour period, the number of mentions decrease by 0% . Additionally, there were 0 comments mentioning Monero. Compared to the previous 24-hour period, the number of mentions decrease by 0%.

All social overview

Average sentiment(24h)
0.2
Social score(24h)
157.26K(#58)
Social contributors(24h)
0
0%
Social mentions(24h)
722(#129)
0%
Social dominance(24h)
0.05%
Twitter
Tweets(24h)
6
-57%
Twitter sentiment(24h)
Bullish
83%
Neutral
17%
Bearish
0%
Reddit
Reddit score(24h)
0
Reddit posts(24h)
0
0%
Reddit comments(24h)
0
0%

About Monero(XMR)

What Is Monero?

Launched in 2014, Monero (XMR) is the first cryptocurrency that prioritizes user privacy and fungibility. In contrast to other popular cryptocurrencies such as Bitcoin or Ethereum, which can be tracked on public ledgers, Monero ensures transactions remain untraceable and private, capturing the attention of users, investors, and privacy advocates alike.

Under the pseudonym "Thankful_for_today," Monero was originally developed and later nurtured by a dedicated group of developers, adhering to principles of decentralization, community-driven development, and anonymity. While forked from the Bytecoin codebase, it underwent substantial enhancements and optimizations, establishing itself as an independent and private coin.

Resources

Whitepaper: https://github.com/monero-project/research-lab/blob/master/whitepaper/whitepaper.pdf

Official website: https://www.getmonero.org/

How Does Monero Work?

Monero's privacy features are underpinned by five key technologies:

- Ring Signatures enable transaction anonymity by combining a user's signature with others in the network, forming an indistinguishable "ring" of potential signers, effectively masking the true sender.

- Ring Confidential Transactions (RingCT) conceals transaction amounts, encrypting this information so that only the sender and receiver can access it, maintaining the confidentiality of each Monero coin's transaction history.

- Stealth Addresses adds an extra layer of privacy by generating unique, one-time addresses for each transaction, making it exceedingly difficult to link the receiver's address to their identity.

- To bolster privacy, Monero allows transactions to be conducted over the anonymous Tor and I2P networks, obscuring the origin and destination of transactions and protecting users' IP addresses and physical locations.

- Dandelion++: Monero further enhances transaction privacy with the Dandelion++ protocol. Transactions pass through a "stem" phase, shared with a single neighboring node, before probabilistically being broadcast to the entire network, making it tough for adversaries to trace the transaction's origin.

What Determines Monero's Price?

Understanding the factors that influence the current price of Monero (XMR) is crucial for both investors and traders in the cryptocurrency market. As a privacy-focused cryptocurrency, Monero's price today is determined by a variety of elements, including market demand, investor sentiment, and macroeconomic indicators.

Unique Aspects Affecting Monero Price

One unique aspect affecting Monero's value is its strong focus on privacy and anonymity. This has led to Monero's adoption for various use-cases, both legitimate and illicit, which in turn impacts its USD price. Moreover, this privacy feature has made Monero a subject of regulatory scrutiny, another factor that can affect its price.

Monero Market Cap and its Importance

Monero's market cap serves as a vital indicator of its overall market value. Calculated as the Monero price in USD multiplied by its circulating supply, the market cap provides insights into Monero's potential for growth or decline.

Technological Advancements and Monero's Price

Advancements in Monero's technology can also influence its current price. Upgrades aimed at enhancing its privacy features, as well as its mining algorithm designed to be more egalitarian compared to other cryptocurrencies, are factors often considered in Monero price analysis.

Tools for Monero Price Analysis

Monero price predictions often involve examining its price chart and historical price data. Tools like a Monero price calculator can be useful for investors who wish to convert the XMR price to their preferred currency.

Other Influential Factors

Trading volume, recent Monero price news, and the overall state of the cryptocurrency market are also significant influencers. For instance, during a 'crypto winter,' where most cryptocurrencies experience a downward trend, Monero is likely to follow suit.

Conclusion

In summary, Monero stands as a pioneer in prioritizing user privacy and fungibility within the cryptocurrency space. With its untraceable transactions and innovative technologies, it continues to be a compelling choice for users, investors, and privacy advocates alike.

Trade XMR perpetual futures

After having successfully signed up on Bitget and purchased USDT or XMR tokens, you can start trading derivatives, including XMR futures and margin trading to increase your income.

The current price of XMR is $130.31, with a 24h price change of +0.63%. Traders can profit by either going long or short onXMR futures.

Join XMR copy trading by following elite traders.

After signing up on Bitget and successfully buying USDT or XMR tokens, you can also start copy trading by following elite traders.

Monero news

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People are also inquiring about the price of Monero.

What is the current price of Monero?

We update our Monero to USD price in real time. Get the live Price of Monero on Bitget.

What is the 24 hour trading volume of Monero?

Over the last 24 hours, the trading volume of Monero is $72.70M.

What is the all-time high of Monero?

The all-time high of Monero is $517.62. This all-time high is highest price for Monero since it was launched.

Can I buy Monero on Bitget?

Yes, Monero is currently available on Bitget’s centralized exchange. For more detailed instructions, check out our helpful How to buy guide.

Can I get a steady income from investing in Monero?

Of course, Bitget provides a strategic trading platform, with intelligent trading bots to automate your trades and earn profits.

Where can I buy Monero with the lowest fee?

We're pleased to announce that strategic trading platform is now available on the Bitget exchange. Bitget offers industry-leading trading fees and depth to ensure profitable investments for traders.

How does Monero work?

Monero (XMR), a top-tier privacy-focused cryptocurrency, prioritizes user anonymity in transactions. Unlike the transparent nature of many blockchain platforms, Monero integrates advanced technologies like Stealth Addresses, Ring Signatures, and RingCT to ensure complete confidentiality, effectively shielding the details of senders, receivers, and transaction amounts. The network further bolsters its privacy stance using the Tor/I2P infrastructure and the Dandelion++ protocol. This makes XMR a fungible cryptocurrency, assuring users and merchants that its tokens are not associated with questionable sources. With rapid transaction speeds and low fees, Monero stands out in the crypto market. It operates on a proof-of-work system, rewarding miners for transaction validation and network security.

What gives Monero value?

Monero's primary appeal is its unparalleled privacy, allowing users to transact without third-party scrutiny, including governments and hackers. XMR coins remain untraceable, preventing blacklisting based on suspected links. Investors may see potential in Monero, anticipating rising demand for privacy to boost XMR's price and market cap.

Is Monero risky?

XMR is currently a moderate risk investment. Traders focused on risk assessment will find the gauge most useful for avoiding (or adding) risky investments.

Why is Monero so Safe?

Monero employs three distinct privacy technologies: ring signatures, ring confidential transactions (RingCT), and stealth addresses. These technologies respectively conceal the sender, amount, and recipient in a transaction. All transactions on the Monero network are mandatorily confidential, ensuring there's no chance of inadvertently sending a public transaction. This unique feature sets Monero apart, allowing users to maintain privacy without relying on third parties.

XMR vs BTC: What is the Difference between Bitcoin and Monero

Monero and Bitcoin both use proof of work for security but differ in several ways. Bitcoin, established in 2009, primarily facilitates faster payments with blockchain, and its limited supply of 21 million coins positions it as a value store for many investors. Meanwhile, Monero emphasizes anonymous transactions. Despite its affordability compared to Bitcoin's higher price, Monero's privacy features restrict its listing on many exchanges, whereas Bitcoin enjoys widespread availability.

Is Monero worth buying?

Monero (XMR), known for its robust privacy features, has historically yielded significant returns due to bullish crypto market trends. However, these very privacy features have led to regulatory hesitations, limiting its presence on key cryptocurrency exchanges and affecting its liquidity. Despite these challenges, with its impressive market cap, Monero stands out as a preferred choice for users valuing anonymity. As adoption grows, especially among enthusiasts seeking secure, anonymous global transactions with minimal fees, XMR's price potential remains promising.
Cryptocurrency investments, including buying Monero online via Bitget, are subject to market risk. Bitget provides easy and convenient ways for you to buy Monero, and we try our best to fully inform our users about each cryptocurrency we offer on the exchange. However, we are not responsible for the results that may arise from your Monero purchase. This page and any information included are not an endorsement of any particular cryptocurrency.

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